Business

Buzz in the Primary Market: Three IPOs Set to Raise Nearly Rs 6,400 Crore

Buzz in the Primary Market: Three IPOs Set to Raise Nearly Rs 6,400 Crore

Contrary to past trends, April to June witnesses a surge in IPO activity this year, with three mainboard IPOs lined up. This shift signifies the growing confidence in India's long-term growth story amidst election uncertainty.

Contrary to past trends, April to June witnesses a surge in IPO activity this year, with three mainboard IPOs lined up. This shift signifies the growing confidence in India's long-term growth story amidst election uncertainty.

Aadhar Housing Finance, backed by Blackstone, plans to raise Rs 3,000 crore through its IPO. The offer includes both fresh issue and offer-for-sale (OFS), with proceeds intended for onward lending and general corporate purposes.

Aadhar Housing Finance, backed by Blackstone, plans to raise Rs 3,000 crore through its IPO. The offer includes both fresh issue and offer-for-sale (OFS), with proceeds intended for onward lending and general corporate purposes.

Healthcare technology firm Indegene aims to raise Rs 1,842 crore through its IPO. The offer comprises a fresh issue of equity shares and an OFS by existing shareholders, primarily to pay debt and fund growth initiatives.

TBO Tek's IPO involves a mix of fresh issue and OFS, targeting Rs 1,551 crore. Funds raised will be utilized for platform expansion, inorganic acquisitions, and general corporate purposes.

TBO Tek's IPO involves a mix of fresh issue and OFS, targeting Rs 1,551 crore. Funds raised will be utilized for platform expansion, inorganic acquisitions, and general corporate purposes.

Initial Public Offering (IPO) marks the transition of a private company into a publicly traded entity. It enables the company to raise capital by offering shares to the public for the first time.